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Luxury Home Prices Rise While Pending Sales Activity Slows

Luxury Home Prices Rise While Pending Sales Activity Slows

by Phil Hall | May 27, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical luxury home sold for a near-record $1.34 million in April, according to data from Redfin (NASDAQ: RDFN). While this is up 6.5% from one year ago, pending sales of luxury homes in April fell 9.9% year-over-year, the largest annual decline since August 2023...
April’s Top 10 Expensive Home Sales Centered in Florida, Beverly Hills and NYC

April’s Top 10 Expensive Home Sales Centered in Florida, Beverly Hills and NYC

by Phil Hall | May 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The nation’s 10 most expensive home sales in April were anchored in exactly three markets, according to new data from Redfin (NASDAQ: RDFN). Last month, six of the 10 most expensive home sales were in coastal Florida, while two were in Beverly Hills, California, and...
Report: Little Change in Real Estate Agent Commissions Since NAR Settlement

Report: Little Change in Real Estate Agent Commissions Since NAR Settlement

by Phil Hall | May 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average buyer’s agent commission was 2.40% for homes sold in the first quarter, according to a data report from Redfin (NASDAQ: RDFN), up from 2.37% in the fourth quarter of 2024 and from 2.36% in the third quarter of 2024 when the new National Association of...
The Cheapest Metro Area for Buying a Home Is…

The Cheapest Metro Area for Buying a Home Is…

by Phil Hall | May 13, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Rust Belt and the South dominate the list of the 10 least expensive metros for buying a home, according to a new data report from Redfin (NASDAQ: RDFN). In a survey of the nation’s 91 most populous metro areas during March, Detroit topped the list with the lowest...
Is Renting Less or More Expensive? It Depends Which Data Report You Cite

Is Renting Less or More Expensive? It Depends Which Data Report You Cite

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A pair of newly published data reports offer strikingly different views of the rental housing market, with one report stating rents are going down and the other claiming rents have become more expensive. Redfin (NASDAQ: RDFN) reported the median asking rent of April...
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